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I don’t agree with every last word of Mr. Chamber’s piece, but my “disagreements” with him are really no more than quibbles and I can’t disagree with any of his major points. His advice is excellent advice and I will share with my children and others.

As for hogs and lambs, the saying is that in the stock market both bulls and bears make money, while hogs choke to death (not get fed, though gorging may be the cause of their ruin) and lambs get fleeced. So the lesson from that parable is that money can be made when markets move up and when they go down, but be neither avaricious or timid, because both of those traits can lead to financial ruin.

We are an advertising holding with companies in Canada and Ukraine. One of our companies has been banking with LAIKI (Cyprus Popular Bank) and we have had current accounts with the bank. This morning we were notified by our bank that our CURRENT accounts have been also frozen and will be subject to a haircut. Our opinion is that there is a robbery underway because the general understanding and the deal done with Eurogroup clearly specifies DEPOSIT accounts to be levied. It is hard to understand how Cyprus authorities can steal people’s money form Deposit accounts but it can be somehow explained: you trust your bank, you sign deposit agreement, you risk, you oose. But stealing form current businesses that are running current accounts is something different – this will bankrupt many companies that were JUST banking with LAIKI or BOC. 90% of the money on current accounts belong ot our clients and were heading to our suppliers so we are facing lawsuits and further bankruptcy because of this stealing. On top of this there is no decent and proper explanation from Cyprus authorities or banks about what is going on. And there is growing suspicion that they might just steal everything on the basis that they have already lost their customers in the banking sector. We would like to ask you to take this information public and share it with European society and other companies that have suffered from RELIABLE CYPRUS BANKING. To contact: chaban.ira@m2f.ca